Declan Fallon | TalkMarkets | Page 68
Market Commentary
Declan Fallon runs a market commentary blog at Markets.fallondpicks.com, and is a contributor to TalkMarkets and Seeking Alpha. He previously contributed to the Motley Fool. Declan Fallon is also a UI/UX Dashboard Designer for First ...more

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Sellers Deliver Second Day Of Losses
The Semiconductors managed a perfect tag of resistance before it headed south. Shorts will have had the best of the opportunities today, although technicals are still net bullish.
Solid Gains-Small Loss
The run of gain some, give back a little continued Friday with small losses after a solid Thursday.The S&P remained above its 50-day MA as relative performance shifted towards Small Caps, and Rate of Change moved sharply lower.
Bulls Continue To Press
Another good day for buyers as yesterday's recovery saw some solid follow through, with short covering likely part of the mix. Volume climbed to register an accumulation day as the key 50-day MA was challenged for some indices.
Bulls Pull It Together
The S&P finished with a bullish hammer which leaves it knocking on the door of 1,950 again. Better still, the Rate of Change returned above zero with a new swing high, potentially ending the bear phase of the market.
Yesterday's Gains Rebuffed
The hard work of yesterday was undone by today's selling. Volume was relatively contained, with profit taking and some eager shorts looking to take advantage of the resistance test.
Second Consolidation Day
A solid Friday kept indices at the business end of last week's gains. Tech indices had the best of it, closing with small gains. This was enough to return a 'buy' trigger in On-Balance-Volume.
Stall In Advance, But Bulls Can Be Happy
It was inevitable, given the action over 2016, that bears were going to make an reappearance. Today's selling fell in line with near term profit taking with volume down on recent buying.
Day 3 Of Gains
A third solid day of bullish action has built up the potential for market double bottoms. Selling from here will be treated as a pullback rather than a drop into the abyss.
Nasdaq Breadth Reaches 2011 Oversold Levels
Tech and Large Cap indices sit on the border between a bear market or a steep correction. While Small Caps have fallen into bear market territory, there is still a chance for other indices to come in from the precipice.
Further Losses But No Breakaway
The S&P tagged the January low, but it's hard to see it holding out if there's another challenge on 1,810.
Bears Win Day - Just...
There wasn't a whole lot of change by the close of business, but intraday strength was clawed back in worrisome fashion. The end result was to leave spike highs in markets.
Honors Even
The S&P closed with a spinning top below support. Watch for a strong 'sell' signal in the MACD as other technicals remain bearish. The only positive is the strong relative performance against the Russell 2000.
Sellers Start Day, Buyers Finish It
Tech averages had the weakest start, Powerful gap downs had set things off, but buyers were able to make a comeback into the close. However, morning gaps remain.
Bears Break Deadlock
Friday's action was very disappointing if you were bullish; poor jobs data contributing to the malaise. Investors can view this as another buying opportunity, with the Nasdaq clocking the 10% percentile of historic weak prices dating back to 1971.
Pause In Action
Small Gains as indecision held sway. The S&P finished inside the range of last Friday's breakout and held rising support, but the index did the minimum to pacify bulls.
Afternoon Recovery Creates New Spike Lows
Better stuff from bulls as early selling quickly gave way to fresh buying. Best of the action belonged to the Russell 2000 with a bullish cross in the relative performance with the Nasdaq and its 20-day MA.
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